Upcoming Catalyst/News Expectations

[jdeo1969]

JDEO appears by mid Sept we get resolution of the Oil Search/ Interoil arbitration. That will help understand better about e/a gas usage. Appears its Total all the way. Further RJ stated in July to August we would hear more about the 3 current rigs drilling progress. They must legally tell us more by mid Aug for the second quarter report. Not that far away. The markets are totally irrational short term . You will not like this but Buffett says buy a stock and turn off the ticker for 10 years. Today's market is more like a casino. What Interoil has is this Eastern Papua Basin under lease. Either you believe they will monetize it or not. Whinning does not make the clock move faster. Sorry to say. This is a great stock for retirement money and/or the grand kids. It's a terrible stock to buy a new car with short term. Those that wait will see full monetization of Interoils assets one way or another. The exact way is impossible to predict but it's gonna happen.

I don't disagree that this is a great long term investment JFT.  I do believe it is and I hold shares in my IRA.  My point is that the new direction is vastly different than what I was sold by the company "spokespeople" and former CEO.  And that is maddening.  But I can either suck it up and wait like everyone else, or sell and move on.  I choose to stay the course, and possibly add when I think it makes sense, but I think the bloodbath of December 6th is rearing it's ugly head with some investors.  What I mean by that is this:  The market is seeing from this CEO that we are not going to get any information and we are apparently forced to wait for our collective payday, only buoyed by the hope that we have a major discovery in the interim.  That was the reason for the selloff Dec. 6th.  The timeline changed.  The principles changed.  I think that sucks and I blame past management for either a) lying to shareholders or b) being so incompetent that they actually thought we would receive a price at "mulitples of the current pps."  Someone please refute that and tell me I am wrong.   Because right now we are languishing in the mid 50's and we have "never been in a better position as a company."  Someone way overvalued this company pre deal and that is an absolute fact.  The irony is that we are undervalued currently, so again I throw my hands up and scream WTF into a towel every day i see the pps drop a little more.

Good luck longs

Jdeo

[ebster123]

JDEO appears by mid Sept we get resolution of the Oil Search/ Interoil arbitration. That will help understand better about e/a gas usage. Appears its Total all the way. Further RJ stated in July to August we would hear more about the 3 current rigs drilling progress. They must legally tell us more by mid Aug for the second quarter report. Not that far away. The markets are totally irrational short term . You will not like this but Buffett says buy a stock and turn off the ticker for 10 years. Today's market is more like a casino. What Interoil has is this Eastern Papua Basin under lease. Either you believe they will monetize it or not. Whinning does not make the clock move faster. Sorry to say. This is a great stock for retirement money and/or the grand kids. It's a terrible stock to buy a new car with short term. Those that wait will see full monetization of Interoils assets one way or another. The exact way is impossible to predict but it's gonna happen.

JFT, I am still holding, however almost every time IOC has a setback or drop in PPS in the past 4 years you have some fix on the immediate horizon and it often does not come.  Put down the pompom and speak in reality.  I agree with JDEO. If the prospects are as significant as we believe then sell some off to bring immediate revenue, instill confidence and institutional buying support.

[sydbod]

It is time to put some reality back into PPS discussions.
IOC is currently a N0N-PRODUCING oil/gas company.
It has valuable gas fields, but it is still not on its way to even just building an LNG plant let alone producing any income stream. (next year should be a different situation for IOC.)
How does the market treat companies that are in the same sort of situation like IOC.
Let us look at "Cott Oil" (CMT) (yes much smaller than IOC but it will demonstrate a point I am trying to make here)
http://www.cottoilandgas.com.au/index.ph...le/87/224/
Pg:12
The estimated value of this company happens to be $0.86 / share. The current market value happens to be $0.135 / share. It is currently trading at around 16% of its value.
We see similar sort of things happen with many other companies eg: KPL is currently trading at $0.37 but should have a value of $1.50. etc

It is just a matter of how the market treats companies that are not into production phase yet. As I keep saying, we have to wait until some time next year before things will settle down for IOC and us shareholders. It is a waste of time and effort trying to find who/what to blame for not having our share price expectations met. It is as it is.

[jft310]

Actually we know a bit more about the LNG plant then you state .
1)Dec 5th Interoil issued a presser that stated they had signed 3 agreements with Total. One was an LNG agreement without details. Hession spoke about a 2 train LNG plant with 30 percent ownership for Interoil.
2)In an interview posted on Interoils website is an interview that Hession gave to the equivalent of the Wall Street a Journal the Australian Financial Review. In that article Hession states the reasons they chose Total. One of the reasons was Total committed to build an LNG plant.
3)We know from Hession that the 3 partners are meeting regularly planning for the LNG build.
The market wants a firm LNG plant size , location and price and expected start date.
We have been told the purpose of the certification was to determine size . The question is not if but size. These new wells are not gonna advance monetization of E/A.
To advance monetization we need to start drilling antelope 4 which per the AGM slides is this quarter. Quarter ends Sept 30th. The rig to drill that well whose site is ready today has several places possibilities. I see 3 places that rig could come from. The new High Arctic rig is in country, Oil Search stated they would provide a rig this quarter and one of the current 3 rigs could be freed up to drill Antelope 4 .
The company states they are anxious to start drilling these certification wells . Yes that same shale that seals the assets at Wahoo is at Antelope and it will take months to drill the well . If we find zero new assets we still get our LNG plant just a smaller size. That's not a bad situation and quite different from what others have concluded.